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The Federal Reserve said, "The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States."

Trump urged Americans to ease up with their shopping as people panic about not having enough food or household items while they are increasingly being asked to stay at home for extended periods of times.

All public schools in Westchester, Long Island and NYC will close this week in a major effort to combat the spread of the coronavirus, New York Governor Andrew Cuomo said on Sunday.

Voters in six 2020 election swing states are worrying about coronavirus hurting the economy, but it's not factoring heavily in their decisions.

Starbucks said it is taking increased procautions in its stores as more communities, and the federal government, call for increased levels of "social distancing" to guard against the COVID-19 outbreak.

"It makes me very happy," Trump said Sunday evening. "I think that people in the markets should be very thrilled."

The Economic Cycle Research Institute's Lakshman Achuthan sees an encouraging sign in the charts.

The Financial Times reported Bridgewater's flagship fund is down about 20% for the year following the swift plummet from all-time highs into a bear market from stocks.

Amazon said it's seen a "dramatic increase" in online shopping due to the coronavirus.

The financial ramifications of the coronavirus pandemic are likely going to be felt by studios, filmmakers and theater owners for years to come.

The factories that produce perfume and makeup for brands like Christian Dior and Givenchy will be making hand sanitizer starting on Monday in an effort to combat the coronavirus.

The Democrat-led house last week passed the second round of legislation, aimed at helping workers and individuals struggling to make it through the crisis.

Travelers returning to the U.S. from abroad faced hours-long lines and complained about cramped conditions at several major airports.

Attorney General William Bar has ordered a review of Flynn's case by an outside prosecutor, U.S. Attorney for the Eastern District of Missouri Jeffrey Jensen.

Food purchase limits and increased hiring are grocers' latest response to a surge in grocery shopping and panic-buying as the number of confirmed coronavirus cases rises in the U.S.

Delta and its pilots' union have reached an agreement on voluntary, reduced pay and other issues as the coronavirus prompts the airline to make deep cuts.

Bank of America CEO Brian Moynihan said Sunday the coronavirus has united the world in its battle against it.

"Pick your companies carefully as you re-enter the market," Michael Farr says.

Carnival's stock has dropped by nearly 60% while Royal Caribbean and Norwegian have lost more than 70% of their value over the past 30 days.

While listening to President Trump announce the European travel ban in his Oval Office address, my mind wandered back in time to the early G20 meetings of finance ministers and heads of government in 2009 when the United States and its European partners worked together to head off a global financial meltdown.